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Bank funding guarantee likely to be dropped
NZ looks likely to ditch the wholesale funding guarantee for banks soon, after the Australian Treasurer announced his country's version would end.
Kiwibank cuts mortgage rates
State-owned Kiwibank has cut its variable mortgage rate to 5.65 per cent.
NZ dollar touches new five-month low as US sheds more jobs
The New Zealand dollar touched a new five-month low of 68.17 US cents overnight.
High-flier flees to Australia
A young high-flier at the centre of an alleged multi-million dollar bank mortgage fraud sold his house and is believed to have fled to Australia.
Thieving banker went undetected for nine years
The Herald can reveal that the largest employee theft in NZ history - of nearly $18m - was discovered by a fluke.
Banker admits $18m fraud charges
A former ASB Bank investment banker has pleaded guilty to fraud charges involving nearly $18 million.
<i>Michael Lang:</i> Beware the lure of gold rush
As gold earns nothing and yields nothing, over the long term it does nothing more than preserve investors' capital from inflation.
Days of freedom for accused
A former Remuera investment banker who allegedly stole nearly $18 million from ASB Bank customers is enjoying what could be his last few days of freedom.
<i>Brian Fallow: </i> Alan Bollard's photocopy OCR
Brian Fallow: This morning's interest rate decision for the Reserve Bank is almost a photocopy of the last one on December 10.
NZer quits as World Bank manager
New Zealander Graeme Wheeler has announced his resignation as managing director of the World Bank.
Other banks expected to follow ANZ cut
ANZ National Bank has slashed its variable home mortgage rates - putting pressure on other banks to follow suit.